Ascent Group LLC Increases Stock Holdings in S&P Global Inc. $SPGI

Ascent Group LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 0.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,051 shares of the business services provider’s stock after buying an additional 40 shares during the quarter. Ascent Group LLC’s holdings in S&P Global were worth $4,772,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Costello Asset Management INC bought a new position in shares of S&P Global in the first quarter worth about $26,000. Cheviot Value Management LLC bought a new position in shares of S&P Global in the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of S&P Global in the second quarter worth about $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global in the first quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after buying an additional 31 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SPGI shares. JPMorgan Chase & Co. lifted their target price on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research note on Monday, July 21st. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. UBS Group lifted their target price on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley lifted their target price on S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and a consensus target price of $614.46.

S&P Global Price Performance

Shares of S&P Global stock opened at $479.88 on Friday. The stock has a market cap of $146.51 billion, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50 day moving average price of $535.36 and a 200-day moving average price of $514.89. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping analysts’ consensus estimates of $4.18 by $0.25. The firm had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s payout ratio is 29.54%.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.